E. Clifton Hoover Jr. was named managing director and co-CIO of the large-cap value equity strategy at Dreman Value Management, according to a news release. He will co-manage the strategy with David Dreman, the firm's founder and chairman. Mr. Hoover will also work on the firm's small-cap strategies. Michael Sherman, spokesman, was not immediately available for further details. Mr. Hoover was a managing director and portfolio manager at NFJ Investment Group, a subsidiary of Allianz Global Investors; he worked on several large-cap and small-cap portfolios. Megan Frank, spokeswoman for Allianz, said other members of the firm's portfolio management team have assumed Mr. Hoover's responsibilities.
Daniel Kramer was named senior vice president and global head of fund services operations at JPMorgan Worldwide Securities Services, confirmed spokeswoman Pamela Snook. It is a new position, created when the company combined several of its global mutual fund and pension accounting units earlier this year. Mr. Kramer, who will be based in Boston, will report to Yawar Shah, the global head of operations for JPMorgan Worldwide Securities Services. Mr. Kramer was a global managing director of institutional equities at Thomson Financial.